Stock surges after company updates its 2023 outlook

  • Unisys shares soar 26% after raising 2023 revenue growth guidance
  • Shares climbed to $3.60 in after-hours trading
  • Third-quarter loss per share of 73 cents on revenue of $464.6 million
  • 2023 revenue expected to be flat to 1.5% higher

Unisys shares experienced a significant boost, surging 26%, after the company raised its revenue growth guidance for 2023. In after-hours trading, the stock climbed to $3.60, following a regular session where it ended with losses of less than 1%. Unisys reported a third-quarter loss per share of 73 cents on revenue of $464.6 million, compared to a loss per share of 59 cents on revenue of $461.2 million in the same period last year. However, on a constant currency basis, third-quarter revenue was down 1.4% year over year. Despite this, Unisys expects its 2023 revenue, in constant currency, to be flat to 1.5% higher, surpassing previous guidance of a 3% to 7% loss.

Factuality Level: 8
Factuality Justification: The article provides specific information about Unisys’ third-quarter financial results and the company’s revised revenue growth guidance for 2023. The information is based on the company’s official statements and can be verified. However, the article lacks in-depth analysis and context, and it does not provide any information about the reasons behind the company’s performance or the industry trends. Therefore, the factuality level is not a perfect 10 but still relatively high.
Noise Level: 3
Noise Justification: The article provides relevant information about Unisys’ third-quarter financial results and the company’s raised revenue growth guidance. It includes specific numbers and comparisons to the previous year. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Unisys
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Unisys, a technology solutions company. It provides information on the company’s third-quarter financial results and its raised revenue growth guidance for the full year 2023. There is no mention of any extreme event or its impact.
Public Companies: Unisys (N/A)
Key People:

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